Tokenet now supports bilateral digital asset lending with BitGo Bank & Trust providing qualified custody and settlement infrastructure, extending the platform’s institutional reach across preferred client infrastructure
Digital Prime Technologies, a provider of digital asset technology solutions and developer of Tokenet, announced the completion of Tokenet’s integration with BitGo Bank & Trust, National Association (“BitGo Bank & Trust”), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company. The integration enables clients to execute institutional-grade bilateral digital asset lending workflows while BitGo Bank & Trust provides regulated custody and off-chain, real-time settlement through its Go Network offering. This builds on Tokenet’s existing support for various custody solutions.
Tokenet’s integration with BitGo reflects the preferences of Tokenet’s launch clients, who rely on BitGo’s infrastructure for its broad support of the Canton Network. BitGo Bank & Trust has established itself as a key institutional gateway to the ecosystem through its support for Canton Coin, Canton-native assets, and other services. This includes EquiLend choosing BitGo Bank & Trust as their digital asset partner for qualified custody and trading capabilities. With the addition of BitGo Bank & Trust, Tokenet’s multi-custodian model now allows firms to manage collateral, execute loans, and access full lifecycle management – including recalls, returns, rerates, and mark-to-market – through their preferred custody provider.
Client assets held in qualified custody with BitGo Bank & Trust benefit from offline cold storage, insured up to $250M, in addition to the company’s advanced security controls and layered operational safeguards. BitGo Bank & Trust’s Go Network settlement infrastructure also enables assets to be moved efficiently within a secure, regulated framework. Together, these capabilities help firms manage digital assets with the security and compliance controls expected in traditional financial markets worldwide.
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Digital Prime Technologies is also in the advanced stages of integrating with BitGo Bank & Trust’s tri-party solution, which will extend the platform’s collateral management capabilities further and address requirements from clients seeking additional flexibility in their lending arrangements.
EquiLend, whose partnership with Digital Prime Technologies provides the distribution foundation for Tokenet to scale within the institutional lending community.
“We’re excited to partner with Digital Prime Technologies and EquiLend to provide the custody and settlement foundation that enables institutions to access lending workflows. Continued institutional adoption depends on trusted infrastructure designed for security and scale while supporting the networks and assets, like Canton, that are increasingly important to institutional markets,” said Adam Sporn, Head of Prime Brokerage and Institutional Sales, BitGo Bank & Trust.
“Custody is foundational to digital assets, and we are pleased to announce another significant milestone in expanding client choice with the completion of Tokenet’s integration with BitGo. BitGo’s reputation as a trusted custody provider makes this a meaningful addition to our growing custody ecosystem. We remain committed to offering clients flexibility in how they custody their digital assets and look forward to continued partnership with BitGo and future functional integration like tri-party,” said James Runnels, Co-Founder and CEO of Digital Prime Technologies.
“Building out a genuine multi-custodian model is central to what makes Tokenet a credible institutional solution. As EquiLend’s partner in bringing this platform to the securities finance community, we’re pleased to see Tokenet expanding to meet clients on their preferred infrastructure,” said Nick Delikaris, Chief Product Officer, EquiLend.
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